Long term trendline breakout with high volume candle.
Granules India Limited has made longterm line breakout in daily timeframe.
Nifty Pharma is also in upward momentum and this will support Granules India in up trend.
RSI is also crossing 60 level and bollinger bands are expanding.
Bollinger band are standard deviation of average price of stock and expanding Bands show there are chances of big move in stock.
On 30-09-2022, there is huge buying on this stock which indicated that big buyer has shown interest.
Stock has target which are shown in above charts based upon immediate resistance.
Traders are requested to do their own analysis before taking any trade.
This Idea is an educative initiative for new comers in markets.
Please Like,share and comment for more updates.
Nifty Pharma is also in upward momentum and this will support Granules India in up trend.
RSI is also crossing 60 level and bollinger bands are expanding.
Bollinger band are standard deviation of average price of stock and expanding Bands show there are chances of big move in stock.
On 30-09-2022, there is huge buying on this stock which indicated that big buyer has shown interest.
Stock has target which are shown in above charts based upon immediate resistance.
Traders are requested to do their own analysis before taking any trade.
This Idea is an educative initiative for new comers in markets.
Please Like,share and comment for more updates.